Yahoo Downgraded To Hold (YHOO)
By Benzinga Staff
March 11, 2010 7:07 PM
March 11, 2010 7:07 PM
Equity research firm Benchmark Capital has downgraded Yahoo (NASDAQ: YHOO) from Buy to Hold rating. The research firm said that the company is operating in a fiercely competitive environment.
According to the research report, the firm will have to wait some time before it sees results from its collaboration with Microsoft (NASDAQ: MSFT). The report further states that Yahoo is consistently losing share in domestic search market. However, Yahoo is likely to benefit from a cyclic rebound in display ads. Yahoo is now expected to focus more on specific products, and less on brand awareness.
Benchmark Capital has set a price target of $18 for Yahoo.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
We're Loving
